Mark Zuckerberg says AI costs contributed to layoffs of 8,000 staffers
Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.
Investing
Key moments in Elon Musk’s trial against Sam Altman: ‘I was a fool’ to fund OpenAI
Tesla billionaire Elon Musk reportedly declared, “Without me, OpenAI wouldn’t exist,” on the witness stand Wednesday as his testimony in his trial against Sam Altman stretches into a second day.
OpenAI investors Nvidia and Oracle fall after AI giant misses revenue target: reports
One executive told employees that OpenAI may be unable to fund future computing contracts.
Nvidia sets new record with nearly $5.3 trillion value after AI darling surges 4%
Shares of Nvidia are now up 16% on the year after slumping in March.
Robinhood invests $75 Million in OpenAI—allowing indirect investments into AI giant
A recent funding round valued OpenAI at more than $850 billion.
Tesla beats first-quarter expectations amid pivot to robotics, AI
The automaker said demand for its vehicles has rebounded from recent declines .
Billionaire Robin Khuda’s AirTrunk expands in India with Lumina CloudInfra deal
Data centre investments are surging in India, fuelled by rapid growth in AI and cloud computing. The country’s capacity is expected to rise more than fivefold to 10 gigawatts by 2030 from about 1.5 gigawatts last year, according to consulting firm Deloitte.
Who is John Ternus? The man set to replace Tim Cook as Apple CEO
Cook has been Apple’s CEO for nearly 15 years.
Netflix beats expectations as cofounder Reed Hastings steps down from board
Netflix shares still plunged after beating first quarter revenue expectations.
You would be a millionaire today if you invested $35,000 in this stock one year ago
SanDisk stock has soared more than 2700% in a year.